William Simon, Executive Advisor, KKR & Co and President, WSS Venture Holdings, has been appointed as the new Chairman of HanesBrands effective from December 31, 2023.
A Director of the US apparel firm since 2021, Simon has previously served on the talent and compensation committee and the governance and nominating committee. He was also the President and CEO of Walmart US. His has extensive senior leadership skills and vast experience as a director of public companies.
Cheryl Beebe and Ann Ziegler will also retire as members of the board on December 31. They will replaced by three new independent directors, Colin Browne, Natasha Chand and John Mehas.
Both Beebe and Ziegler have made significant contributions to the company throughout their years of service. They served as valuable partners and helped Hanesbrands capitalise on growth opportunities, simply global business and best position its brands for success, says Steve Bratspies, CEO and Director, HanesBrands.
In November, HanesBrands reported a 9.5 per cent contraction in third-quarter sales to $1.51 billion, as sales of the US apparel firm's Champion brand declined by 19 per cent on the same period last year.
